Hey Steven,I’d recommend reaching out to your county assessor to inquire about the increase.

Finding a good PM will cover your concerns on managing the rental from OOS and a good agent should be able to provide you with their network of deals, including on and off market opportunities. 

Anywhere that one can buy properties for under $100k is very unlikely to have the rent increases that you will need over time to create positive cashflow, or the price appreciation that you will need to make this a profitable endeavor.

Target areas with high rental demand, job growth, and population increases to ensure strong occupancy and appreciation.

We provide actionable information, not MLS data sheets.I’ve experimented with increasing the scope of our software.

Get pictures of every room, the electrical breaker box, water heater, furnace, each side of the house, the roof, the basement if there is one, inside and outside of the garage if there is one etc.If the seller doesn’t want you to come do a walk-through and take pictures due to concerns over COVID-19, then have the seller take pictures and send them to you.

Deviations from the PLRs will significantly increase the risk to you since your transaction did not follow the PLRs exactly.Deviation from Private Letter Rulings There are a couple of areas where transactions deviate from the three (3) Private Letter Rulings discussed above.

I have clients who are increasing their cash flow by between $19k and $55k and their cost basis is between $145k and $200k.

I'm more concerned about the drip-edge/ flashing on top of the roof.

Tom so you wouldn't be as concerned about that element?